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Economy

The China-led AIIB gently rumbles to life

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Asian Infrastructure Investment Bank President Jin Liqun attends the opening ceremony of the first annual meeting in Beijing on June 25.   © Reuters

BEIJING Roughly six months after officially opening for business, the China-led Asian Infrastructure Investment Bank is beginning to rumble to life. At its first annual meeting, on June 25 in Beijing, the bank announced its first set of loans and adopted a plan to increase the number of member countries early in the next year.

For its first two years, the AIIB appears keen to prioritize expanding its membership and consolidating its organizational framework, while adopting a safe, stable lending stance.

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